Brokerages Set Tyson Foods, Inc. (NYSE:TSN) PT at $61.44

Shares of Tyson Foods, Inc. (NYSE:TSN) have received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $61.44.

TSN has been the topic of a number of research reports. Bank of America cut their target price on shares of Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. BMO Capital Markets increased their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Barclays raised their price target on shares of Tyson Foods from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Tyson Foods by 13.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,699 shares of the company’s stock valued at $103,000 after acquiring an additional 198 shares during the period. Ridgewood Investments LLC boosted its stake in Tyson Foods by 0.8% during the first quarter. Ridgewood Investments LLC now owns 25,741 shares of the company’s stock valued at $1,512,000 after buying an additional 199 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Tyson Foods by 42.0% in the 1st quarter. Lindbrook Capital LLC now owns 724 shares of the company’s stock worth $43,000 after purchasing an additional 214 shares in the last quarter. Unison Advisors LLC increased its holdings in shares of Tyson Foods by 0.8% in the second quarter. Unison Advisors LLC now owns 25,547 shares of the company’s stock valued at $1,460,000 after buying an additional 214 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in shares of Tyson Foods by 2.5% during the second quarter. Caprock Group LLC now owns 9,556 shares of the company’s stock valued at $546,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 67.00% of the company’s stock.

Tyson Foods Stock Performance

NYSE TSN opened at $61.66 on Friday. The business’s 50-day moving average price is $61.99 and its 200 day moving average price is $59.26. The company has a current ratio of 1.82, a quick ratio of 0.95 and a debt-to-equity ratio of 0.53. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $66.88. The company has a market capitalization of $21.94 billion, a PE ratio of -34.64, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. During the same period last year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts predict that Tyson Foods will post 2.82 earnings per share for the current year.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.18%. Tyson Foods’s dividend payout ratio is presently -110.11%.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.